Is it time to consider $5 per gallon for gas?

10:17 PM,
Aug. 7, 2006

Written by

Wayne Tompkins
wtompkins@courier-journal.com

What would you do if the price of gasoline hit $4 or $5 a gallon? The answer will affect how you and others live.

On Monday, gasoline prices were above $3 a gallon, and they aren't likely to drop in the near future, especially after BP said pipeline repairs could shut down the huge Prudhoe Bay oil field in Alaska for months.

So what happens if gas prices rise another dollar or two? Here's a likely scenario: ...